Why Fibonacci Isn’t Working for You

You wake up, coffee in hand, and spot a setup. Confidently, you draw Fibonacci retracements—61.8%, the “golden ratio.” You place your trade, wait… and price blows right through. Frustrated, you try again. Same result. Is Fibonacci broken? No—it’s how you’re using it.

Why Fibonacci Fails You:

1. Misreading Trends: Using Fib on minor moves while ignoring the dominant trend leads to errors. Zoom out first.

2. Ignoring Volume Price Analysis: Price action without volume insight is half the story. VPA confirms if levels are valid.

3. Over-Reliance: Fib alone isn’t enough. Combining it with other tools boosts accuracy.

4. Poor Placement: Misaligned highs and lows mean unreliable levels.

5. Forcing Setups: Seeing patterns that aren’t there turns probabilities into losses.

The Fix:

• Use Volume Price Analysis (VPA) to confirm levels—if volume doesn’t support price action, skip the trade.

• Align Fib with the dominant trend for accuracy.

• Combine with tools like RSI or moving averages for added confidence.

• Stick to strict risk management every time.

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